Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash $ 2,564,237 $ 7,472,224
Accounts receivable, net 16,810,659 18,179,933
Inventory 40,365,286 38,432,012
Prepaid and other current assets 369,792 786,036
Total Current Assets 60,109,974 64,870,205
Other Assets    
Property and equipment, net 17,500,383 13,341,629
Right of use asset 4,415,859  
Other assets 1,890,780 742,691
Total Assets 83,916,996 78,954,525
Current Liabilities    
Accounts payable 29,671,272 14,440,506
Accrued expenses 3,010,914 1,815,567
Short term lease liability 959,630  
Short term loan payable 973,583  
Warrant and preferred investment option liabilities 16,116,273 4,801,929
Total Current Liabilities 50,731,672 21,058,002
Long term lease liability 3,477,380  
Total Liabilities 54,209,052 21,058,002
Shareholders' Equity    
Common stock, $0.0001 par value, 200,000,000 shares authorized, 14,078,997 and 861,997 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 1,408 86
Additional paid-in capital 174,659,589 156,184,327
Accumulated deficit (144,953,053) (98,287,890)
Total Shareholders' Equity 29,707,944 57,896,523
Total Liabilities and Shareholders' Equity 83,916,996 78,954,525
Series C Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock
Series D Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock
Series E Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock
Series F Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock
Series G Preferred Stock [Member]    
Shareholders' Equity    
Preferred Stock